Tangle The DOJ investigates Jerome Powell.
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Jan 13, 2026 A criminal investigation is underway regarding Federal Reserve Chairman Jerome Powell, centering on his June 2025 congressional testimony. Powell claims the subpoenas he received are unprecedented and hints at political pressure to alter interest rates. The podcast delves into reactions from both the left and right, highlighting debates about Fed independence and the implications of politicizing such a crucial institution. The tension within the GOP regarding responses to the situation adds another layer to this unfolding story.
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Investigation Seen As Political Pressure
- The DOJ served grand jury subpoenas to the Fed over Powell's June testimony, framing the probe as unprecedented political pressure.
- Isaac Saul argues this looks like an attempt to force monetary policy decisions by intimidating the Fed.
Left Warns Of Institutional Damage
- Left-leaning commentators warn the probe threatens Fed independence and liken it to authoritarian tactics.
- They argue attacking Powell could backfire politically and reinforce support for central bank autonomy.
Right Is Divided Over Motives
- Right-leaning voices are split: some urge patience to see evidence, others call the probe political retaliaton.
- Observers note the probe sends a warning to future Fed chairs about staying aligned with presidential wishes.